2014-05-06T08:36:22-05:00 2013-06-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2012-07-01 134066940 ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC ALMA 2129627653 11 PARK PLACE NO 1416 NEW YORK NY 10007 LINDA HOFFMAN 2129627653 2014-05-06 1 GARRETT M HIGGINS P00543209 2122862600 2014-04-30 2012 2015-11-30 17:44:51Z LINDA HOFFMAN 11 PARK PLACE NO 1416 NEW YORK NY 10007 949897 0 X WWW.NYFSC.ORG X 1998 NY PROVIDES 89 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED IN THE HARLEM SECTION OF MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. THIRTY EIGHT (38) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE. 5 4 11 5 0 0 0 0 937216 944753 172 613 5185 4531 942573 949897 0 0 0 0 162484 162968 0 0 0 920646 898809 1083130 1061777 -140557 -111880 8925562 8705557 10888452 10780327 -1962890 -2074770 DEVELOPING, CONSTRUCTING, AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED. 0 0 1061777 944753 PROVIDES 89 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS. 1061777 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 11 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X MARTHA BAUER CHIEF FINANCIAL OFFICER 2129627653 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 DEBORAH SMITH BERNSTEIN 0.20 3.20 X X 0 0 0 ANN VAN NESS 0.20 3.40 X X 0 0 0 ELIZABETH R TOZER 0.20 3.40 X X 0 46500 0 STEPHEN ZELNICK 0.20 1.80 X X 0 0 0 MARGARET M TERNES 0.20 1.60 X 0 0 0 LINDA R HOFFMAN 1.00 34.00 X 0 499940 15703 MARTHA BAUER 1.00 34.00 X 0 221502 17893 0 767942 33596 0 0 1 0 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 100361 1 RENTAL INCOME 531110 944753 944753 944753 613 613 LAUNDRY REVENUE 531110 4500 4500 FORFEITED SECURITY DEP 531110 31 31 4531 949897 944753 0 5144 X 128102 128102 327 327 22153 22153 12386 12386 46992 46992 2763 2763 26494 26494 153167 153167 652 652 9241 9241 301222 301222 262469 262469 30020 30020 OPERATING & MAINTENANCE 63953 63953 BAD DEBT EXPENSE 1836 1836 1061777 1061777 0 0 136054 86617 194236 220452 2616 5607 13936 62524 11160692 2846587 8563343 8314105 15377 16252 8925562 8705557 216716 108286 15217 15654 10636000 10636000 20519 20387 10888452 10780327 X -1962890 -2074770 -1962890 -2074770 8925562 8705557 -111880 0 X X 0 1 X 1 1 1 X 769673 810696 911555 937216 944753 4373893 769673 810696 911555 937216 944753 4373893 0 0 0 4373893 1161 182 141 172 613 2269 1161 182 141 172 613 2269 36000 3600 58555 5185 4531 107871 806834 814478 970251 942573 949897 4484033 0.97540 0.97390 0.00050 0.00110 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME CONSIST OF LAUNDRY REVENUE - 2008 AMOUNT: $ 36,000. 2009 AMOUNT: $ 3,600. 2010 AMOUNT: $ 3,600. 2011 AMOUNT: $ 4,125. 2012 AMOUNT: $ 4,500. INSURANCE INCOME - 2010 AMOUNT: $ 54,689. MISCELLANEOUS INCOME - 2010 AMOUNT: $ 28. FORFEITED SECURITY DEPOSITS - 2010 AMOUNT: $ 238. 2011 AMOUNT: $ 1,060. 2012 AMOUNT: $ 31. 0 1 X 44427 44427 10914917 2662163 8252754 201348 184424 16924 8314105 DUE TO AFFILIATES 10000 MANAGEMENT FEE PAYABLE TO SPONSOR 10387 20387 X 949897 0 949897 0 949897 1061777 0 1061777 0 1061777 PART IV, LINE 2B: THE ORGANIZATION COLLECTS AND MAINTAINS TENANT SECURITY DEPOSITS IN ALIGNMENT WITH THE FOLLOWING PROCEDURE. RESIDENTS PROVIDE THE BUILDING MANAGEMENT OFFICER WITH A SECURITY DEPOSIT UPON MOVING INTO THE HOUSING UNIT. THESE FUNDS ARE DEPOSITED INTO A SEPARATE ACCOUNT AND HELD BY THE ORGANIZATION TO ADDRESS FUTURE EXPENSES THAT MAY BE INCURRED FOR REPAIRS AND/OR DAMAGES TO THE HOUSING UNITS AFTER THE TENANT VACATES THE PREMISES. THE REMAINING SECURITY DEPOSIT FUNDS ARE DISBURSED BACK TO THE TENANT BY THE ORGANIZATION WHEN ALL NECESARY REPAIRS HAVE BEEN COMPLETED TO PREPARE THE UNIT FOR AN INCOMING TENANT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2010. 0 0 0 0 0 0 0 0 0 LINDA R HOFFMAN 0 400801 0 85000 0 14139 0 0 0 15703 0 515643 0 0 MARTHA BAUER 0 206502 0 15000 0 0 0 2140 0 15753 0 239395 0 0 PART I, LINE 3 ALMA RANGEL GARDENS HDFC DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO THE CFO AND CEO IS PAID BY NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ORGANIZATION. THE FOLLOWING IS THEIR COMPENSATION POLICY. NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. IN JUNE 2012, THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES WAS LAST UNDERTAKEN IN JUNE 2013. SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART I, LINE 3 - ALMA RANGEL GARDENS HDFC, INC. DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO THE CFO AND CEO IS PAID BY NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ORGANIZATION. ALMA RANGEL GARDENS HDFC, INC. RELIED ON THE METHODS USED BY NEW YORK FOUNDATION FOR SENIOR CITIZENS IN ESTABLISHING THE COMPENSATION FOR ITS TOP MANAGEMENT OFFICIALS. THE METHODS USED BY NEW YORK FOUNDATION FOR SENIOR CITIZEN INVOLVED THE FOLLOWING: (1) COMPENSATION COMMITTEE (2) INDEPENDENT COMPENSATION CONSULTANT (3) FORM 990 OF OTHER ORGANIZATIONS (4) COMPENSATION SURVEY OR STUDY AND (5) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT PURCHASES MANAGEMENT SERVICES FROM ITS SPONSOR, NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ENTITY. THESE FEES ARE CHARGEABLE UP TO THE MAXIMUM HUD ALLOWABLE RATE OF $44 PER UNIT PER MONTH. THE MANAGEMENT FEES INCURRED DURING THE YEAR ENDING JUNE 30, 2013 AMOUNTED TO $46,992. MANAGEMENT FEES OUTSTANDING AT JUNE 30, 2013 WERE $10,387. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING AND RE-CERTIFY TENANTS ANNUALLY TO INSURE COMPLIANCE WITH HUD REQUIREMENTS. PLEASE REFER TO PART VII AS, LINDA HOFFMAN AND MARTHA BAUER ARE COMPENSATED BY THE RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11 ALMA RANGEL GARDENS HDFC, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE: WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, ITS SUBMITTED ELECTRONICALLY TO A REPRESENTATIVE MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE MANAGEMENT COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALMA RANGEL GARDENS HDFC, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY A MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 ALMA RANGEL HOUSING DEVELOPMENT FUND CONPANY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO 11 PARK PLACE, SUITE 1416, NEW YORK, NY, 10007 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 962-7653. OTHER FEES FORM 990, PART IX, LINE 11G MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 52,806. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,806. SECURITY: PROGRAM SERVICE EXPENSES 100,361. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,361. FORM 990, PART XI, LINE 2C: ALMA RANGEL GARDENS HDFC, INC. HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. FORM 990, PART VII: EXPLANATION OF PAYMENT TO ELIZABETH F. TOZER BOARD MEMBER ELIZABETH F. TOZER RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION IN HER CAPACITY AS INTERIOR DESIGN CONSULTANT TO NYFSC, INC., A RELATED ORGANIZATION. NEW YORK FDTN FOR SENIOR CITIZENS INC - GUARDIAN SVCS INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133501671 LEGAL GUARDIAN FOR ADULTS ENROLLED IN NYC'S HUMAN RESOURCES ADMIN. PRGM. NY 501(C)(3) 509(A)(1) N/A 0 1850 SECOND AVENUE SERVICES CORP 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133557175 SUBSIDIZED HOUSING FOR THE LOW INCOME. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 GEORGE DALY HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133535818 TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS. NY 501(C)(3) 509(A)(1) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 NEW YORK FOUNDATION FOR SENIOR CITIZENS - HOME ATTENDANT SERVICES INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133083852 LONG-TERM CARE HOME ATTENDANT PROGRAM FOR THE ELDERY. NY 501(C)(3) 509(A)(1) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 80-92 RIDGE STREET HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133584060 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 TENTH AND 51ST HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133270654 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 YORKVILLE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133085054 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 CONCOURSE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133696061 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 CUMBERLAND GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133907908 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 NEW YORK FOUNDATION FOR SENIOR CITIZENSINC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 132618568 IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY. NY 501(C)(3) 509(A)(1) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 RIVERVIEW GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133995933 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 SURF GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 205437122 SUBSIDIZED HOUSING FOR THE ELDERLY- UNDER CONSTRUCTION. NY 501(C)(3) 509(A)(2) NEW YORK FOUNATION FOR SENIOR CITIZENS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0